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Federal Register / Vol. 86, No. 151 / Tuesday, August 10, 2021 / Notices SA application and are able to use the copy/clone feature in FIDSA;
4. Free-Form Submissions, which are submissions that do not use the Diversity Self-Assessment of Financial Institutions Regulated by the FDIC
form; and 5. Non-Material Submissions, which are pro forma submissions that do not provide any material self-assessments.
Estimated Number of Respondents and Responses Responses to this information collection are voluntary and may be
submitted by any FDIC-regulated financial institution. As such, potential respondents to this IC are all FDICregulated financial institutions. As of December 31, 2020, the FDIC regulates 3,227 insured depository institutions IDIs. Of these institutions, 2,380 are considered small for the purposes of the Regulatory Flexibility Act RFA.
Respondents submit a single response per year. To estimate the number of respondents for this ICR, FDIC reviewed and summarized data from historical submissions by FDIC-regulated IDIs
covering diversity activities in the reporting periods 20162019.
Submissions were categorized as a firsttime submission if no prior submission was made by the same IDI. Otherwise, the submission was categorized as a repeat submission. FDIC did not categorize 2016 submissions since 2016
was the first year for which the agency has submission data. A summary of these results is provided in Table 1
below:

TABLE 1OMWI SUBMISSION COUNTS, BY SUBMISSION TYPE AND REPORTING PERIOD
Submission type
2016

All submissions
All submissions, small IDIs
First-time submissions
First-time submissions, small IDIs
Repeat submissions
Repeat submissions, small IDIs

95
17

2017
137
26
81
18
56
8

2018
133
26
42
13
91
13

2019
152
33
38
16
113
17

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Source: FDIC OMWI.
These counts include two financial institutions CERTs 20399 in 2016 and 29845 in 2019 that were later found to not be regulated by the FDIC during their respective reporting periods. We include them here to align the table with other OMWI published analyses available at https
www.fdic.gov/about/diversity/analysisdsa.html.
IDIs are counted as small if they meet the SBAs definition of small for purposes of RFA as of December 31st in each reporting period.

As Table 1 shows, there were 152
total submissions in 2019, the most recent reporting year. This is an increase of approximately 20 submissions from the previous year. This increase is due to the introduction of the online FIDSA
application and an expanded outreach effort by the FDIC to educate and increase awareness about the DSA. The FDIC expects that submission counts will continue to climb upwards due to continued expanded outreach efforts as well as the introduction of the copy/
clone feature to facilitate responses.
Based on the historical submission counts and the expected rise in submissions, the FDIC expects it will receive 195 submissions per year with the majority of these submissions using the online FIDSA application. Based on the historical trends of first-time and repeating submissions future expectations, the FDIC anticipates annual respondent counts of 45

Electronic Form Implementation and 130 Electronic Form Ongoing submissions.54 In addition, the FDIC
anticipates annual counts of five FreeForm Submissions and ten Non-material Submissions.55 Finally, FDIC recognizes that some IDIs may prefer to continue providing Paper Submissions and anticipate five such submissions per year.

54 Steady state averages of 25 percent for Electronic Form Implementation and 75 percent for Electronic Form Ongoing submissions were estimated from historical submissions by FDICregulated IDIs covering diversity activities in 2019, the first reporting period for which the online submission was available, and multiplied by 175, the anticipated number of annual Electronic Form submissions, to arrive at estimates of 45 Electronic Form Implementation and 130 Electronic Form
Ongoing submissions. For the purposes of annualizing the estimated number of respondents, it is assumed that the estimated annual count of respondents for Electronic Form Ongoing Submissions includes returning Electronic Form Implementation Submissions from the previous year.
55 The FDIC found 0, 0, and 4 Free-Form submissions and 3, 3, and 12 Non-material
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Estimated Hourly Burden The FDIC estimates that Electronic Form Implementation Submissions will take seven hours, the same burden that was recorded in the Electronic Form line item in the 2020 ICR. For Electronic Form Ongoing Submissions, the FDIC estimates that the copy/clone feature will save respondents an average of four hours per submission, for a net burden of three hours per response. For Non-material Submissions, the FDIC
estimates that the pro forma completion
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of the submission application will take six minutes, or 0.1 hours. The FDIC has reviewed the hourly burden estimates for Paper Submissions and for FreeForm Submissions and found that the estimates from the 2020 ICR remain reasonable and appropriate. Finally, the FDIC estimates that each respondent will incur one hour of burden per year, on average, to disclose a portion of its submission to the public, in a manner reflective of the entitys size and other characteristics.
The estimated annual burden for each submission type, in hours, is the product of the estimated number of respondents, number of responses per respondent per year, and time per response, as summarized in Table 2
below. The total estimated annual burden for this information collection is 100, 106 hours, a reduction of 559 hours from the previously approved ICR. 56

submissions in 2017, 2018, and 2019, respectively.
Based on these historical numbers and their supervisory experience, the FDIC anticipates approximately 5 Free-Form and 10 Non-material Submissions going forward.
56 The average burden hour estimate across all submission types is 4 hours and 8 minutes per response.

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